Generation of terahertz (THz) radiation was observed in epitaxial VO_2 films grown on R- and C-cut sapphire substrates above and below the metal-insulator phase transition temperature. Polarization analysis of the emitted THz radiation reveals strong in-plane anisotropy of the conductive phase of VO_2 which is not observed for insulating phase, generation efficiency increases up to 30 times after phase transition. Properties of generated THz radiation in VO_2 are defined by the displacement photocurrent at the film-air and film-substrate interfaces.
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